623 Diamond Ave NE, Grand Rapids, MI, 49503 | $1,085/mo Cash Flow

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NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in Grand Rapids at 623 Diamond Ave NE, Grand Rapids, MI, 49503 at $260,000 posts ROI 35.02% with $1,085/mo cash flow from $2,800/mo rent. Total monthly income equals $2,800/mo, and annual cash flow records $13,020/yr on $86,190 to close. Return on cash invested measures 35.02% and rental yield reads 12.92% at the current $260,000. Equity gained on principal adds $1,678/yr, and 5% annual appreciation supports $71,833 by year five. Five-year ROI prints 184.36% and total cumulative return in cash totals $158,897.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,800/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Single Family

Built in 1922

5,227 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49503, Grand Rapids, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	20,238 (100%)
Owner Occupied HU	7,149 (35.3%)
Renter Occupied HU	11,464 (56.6%)
Vacant Housing Units	1,625 ( 8.0%)
Median Home Value	$281,804
Average Home Value	$332,147